Ferrari Mailing List: Re: Anyone want a Lusso?

[Steve Jenkins (steve]

Scottie gets it right (although mad props to Ken for finding the photo).

Dr. Call was:

- the first professor I met on the first day of grad school
- the protagonist of my favorite grad-school story
- the man who delivered the most memorable lesson of my scholastic career

It's 8:00am on an August 1994 morning in Provo, Utah. It's the first day of
class for BYU's MBA Class of 1996 Candidates. All 112 of us in Section A are
dressed to impress in "business smart" attire. We're sitting in desks that
are arranged on three levels in a semi-circle configuration, facing the
front of the class. Our pre-printed name tents are propped up in front of
us, and we are silently staring around the room sizing up the competition,
like that scene in Top Gun where Viper reveals the trophy ("I'm just
wondering ... who's the best?").

In walks Dr. Ivan T. Call (I always wondered if the T stood for "Tiberius,"
but regret never finding the right moment to ask). Dr. Call marches down to
the front of the room in a very authoritative style, and slams down a 30
inch-high stack of MBA 509 Managerial Finance texts on the desk. He has a
very "no-nonsense" vibe about him, and I would have given you 10 to 1 odds
that this man had zero sense of humor. He barks in an professionally gruff
and authoritative voice:

"Somebody give me the definition of interest."

112 hands shoot into the air, eager to show off - not just for Dr. Call, but
mostly to the other 111 sitting in the seats. 

Dr. Call starts pointing and calling out names printed on the name tents
that have hands raised behind them.

"Interest is the sum paid or charged for the use of money or for borrowing
money."

Dr. Call yells "No" and points at somebody else.

"The percentage of money borrowed to be paid over a given period."

Dr. Call again yells "No" and chooses another victim.

This cycle repeats itself a good 10-12 more times, each with the same
result, with some students getting shot down at least 2 separate times. With
no more hands remaining in the air, and the required answer still unknown,
Dr. Call looks around the room and declares:

"The definition of interest is..."

He pauses here, as if to not-so-subtly communicate that what he's about to
say is important enough that we should be ready to write it down. 107 pens
(and 5 laptops) are poised to record what comes next. He repeats:

"The definition of interest is..."

and then his voice changes to the quietly confident and kindly one that the
candidates of Section A would listen to for the remainder of the year. No
pens or laptops would be required to remember as Dr. Call continues:

"Thems that understands it, gets it. Thems that don't, pays it."

The room erupts into laughter and relief, but the lesson is not lost.

Even as Dr. Call led us through volumes of financial analysis of a number of
companies throughout the following months, that lesson of Day 1 is still the
one that sticks with me, and remains as the single most important business
principle I have tried to incorporate into my life and career.

SJ

-----Original Message-----
From: Ferrarisimo [at] hotmail.com [mailto:ferrarisimo [at] hotmail.com] 
Sent: Thursday, May 03, 2007 8:33 AM
To: Steve Jenkins
Cc: ferrari [at] ferrarilist.com
Subject: Re: [Ferrari] Anyone want a Lusso?


Some LDS dude that was president of a bank and a teacher a BYU?


Scottie

On May 3, 2007, at 11:26 AM, Steve Jenkins wrote:

> Nobody knows who Dr. Ivan T. Call is????
>
> (Steve C can't play - I know he knows).
>
> Who can tell me why I'd be quoting him?
>
> SJ
>
> -----Original Message-----
> From: Doug and Terri Anderson [mailto:dnt [at] dock.net]
> Sent: Thursday, May 03, 2007 6:01 AM
> To: Steve Jenkins
> Cc: ferrari [at] ferrarilist.com
> Subject: Re: [Ferrari] Anyone want a Lusso?
>
>
> That I did, that I did.  Yeah, Sarlene - now that would be a name,  
> eh?  heh
> heh
> DOUG
> Still wonder who that happy little group is that they need to  
> provide public
> record of their holdings?  Or gads, is this just another example of  
> no one
> sleeps alone anymore?
>
> ----- Original Message -----
> From: Steve  <mailto:steve [at] stevejenkins.com> Jenkins
> To: 'Doug and Terri Anderson' <mailto:dnt [at] dock.net>
> Cc: ferrari [at] ferrarilist.com
> Sent: Wednesday, May 02, 2007 7:47 AM
> Subject: RE: [Ferrari] Anyone want a Lusso?
>
> Oh - your first email said "Sarlene" = without the H. :)
>
> -----Original Message-----
> From: Doug and Terri Anderson [mailto:dnt [at] dock.net]
> Sent: Sunday, April 29, 2007 11:56 AM
> To: Steve Jenkins
> Cc: ferrari [at] ferrarilist.com
> Subject: Re: [Ferrari] Anyone want a Lusso?
>
>
>
> I dont know who this Ivan T Call is but Sharlene is listed is  
> listed as an
> indirect owner on 28,000 shares of common stock
>
> Common Stock   28,062 ( 2 )   I  by Sharlene R. Call, Trustee of  
> the Ivan
> T. Call & Sharlene R. Call Revocable Trust
>
>
>  <http://www.secinfo.com/d141Nx.uNEm.htm> SEC Info - Call Ivan T - 3 -
> Americanwest Bancorporation - For 4/1/07
>
>
> Call Ivan T . 3 . Americanwest Bancorporation . For 4/1/07. Filed  
> On 4/5/07
> 12:24pm ET . SEC File 0-18561 . Accession Number 1181431-7-24025 ...
> www.secinfo.com/d141Nx.uNEm.htm - 20k -
> <http://209.85.165.104/search?q=cache:MuA9M4VH3YEJ:www.secinfo.com/ 
> d141Nx.uN
> Em.htm+ivan+t.+call&hl=en&ct=clnk&cd=6&gl=us> Cached -
> <http://www.google.com/search?hl=en&q=related:www.secinfo.com/ 
> d141Nx.uNEm.ht
> m> Similar pages
>
>
>
> ----- Original Message -----
> From: "Steve Jenkins" < <mailto:steve [at] stevejenkins.com>
> steve [at] stevejenkins.com>
> To: "'Doug and Terri Anderson'" < <mailto:dnt [at] dock.net> dnt [at] 
> dock.net>
> Cc: < <mailto:ferrari [at] ferrarilist.com> ferrari [at] ferrarilist.com>
> Sent: Sunday, April 29, 2007 8:59 AM
> Subject: RE: [Ferrari] Anyone want a Lusso?
>
>
> Not even Google could explain that to me!
>
>  <http://www.google.com/search?q=%22sarlene+call%22>
> http://www.google.com/search?q=%22sarlene+call%22
>
> Sarlene Call?
>
> -----Original Message-----
> From: Doug and Terri Anderson [mailto:dnt [at] dock.net]
> Sent: Saturday, April 28, 2007 11:15 PM
> To: Steve Jenkins
> Cc:  <mailto:ferrari [at] ferrarilist.com> ferrari [at] ferrarilist.com
> Subject: Re: [Ferrari] Anyone want a Lusso?
>
>
> I wonder what Sarlene Call thinks about it?  heh heh
> DOUG
>
> ----- Original Message -----
> From: "Steve Jenkins" < <mailto:steve [at] stevejenkins.com>
> steve [at] stevejenkins.com>
> To: "DOUG" < <mailto:dnt [at] dock.net> dnt [at] dock.net>
> Cc: < <mailto:ferrari [at] ferrarilist.com> ferrari [at] ferrarilist.com>
> Sent: Saturday, April 28, 2007 8:25 PM
> Subject: Re: [Ferrari] Anyone want a Lusso?
>
>
>> You've got a GT4, Jim. Why would you want to step down to a Lusso,  
>> even at
>
>> a
>> favorable interest rate? ;)
>>
>> And this is a perfect time to remind everyone of Dr. Ivan T. Call's
>> definition of interest:
>>
>> "Thems that understands it, gets it. Thems that don't, pays it!"
>>
>> SJ
>>
>> -----Original Message-----
>> From: jim [mailto:jimshadow [at] verizon.net]
>> Sent: Saturday, April 28, 2007 8:06 PM
>> To: 'Steve Jenkins'
>> Cc: 'The FerrariList'
>> Subject: RE: [Ferrari] Anyone want a Lusso?
>>
>>
>>
>> Sure, wanna float me a loan, say 0% at $500/month?
>>
>>
>>
>> :-)
>>
>>
>>
>> On second thought, I'm just gonna put another 500 miles on my GT4  
>> this
>> week!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
>>
>>
>>
>> Ciao
>>
>>
>>
>> JIM
>>
>> Over 500 miles in 2 weeks on my little Dino.
>>
>> I'm drivin' it like I stole it!
>>
>>
>>
>>
>>
>> -----Original Message-----
>> From: Steve Jenkins [mailto:steve [at] stevejenkins.com]
>> Sent: Saturday, April 28, 2007 10:59 PM
>> To: JIM
>> Cc: The FerrariList
>> Subject: [Ferrari] Anyone want a Lusso?
>>
>>
>>
>>  <http://www.msnbc.msn.com/id/18366408?GT1=9246>
> http://www.msnbc.msn.com/id/18366408?GT1=9246
>>
>>
>
>
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